|What You Need to Know About Trust Funds|
Many funeral homes and cemeteries offer preneed contracts which is a contract entered into before death for the future funeral cemetery merchandise or services. Entering into a contract helps to secure many costs at the current rate, even if the funeral takes place many years later.
When you, or a loved one, enter into a preneed contract with a funeral provider your money is placed in a preneed trust account. As a consumer in British Columbia you have the following rights:
Please note that not all costs are guaranteed to stay at the same rate over time. This includes taxes as well as the costs of a death certificate or a cremation. Make sure that you ask your funeral provider what costs may fluctuate. To find out more information about preneed arrangements, read our tips about preneed funeral arrangements and your cancellation rights for preneed contracts .